Blue Trust Inc. Boosts Stake in KT Co. (NYSE:KT)

Blue Trust Inc. lifted its holdings in shares of KT Co. (NYSE:KT) by 117.0% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 55,834 shares of the technology company’s stock after purchasing an additional 30,106 shares during the quarter. Blue Trust Inc.’s holdings in KT were worth $859,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently bought and sold shares of the stock. Bleakley Financial Group LLC lifted its holdings in shares of KT by 5.6% in the 3rd quarter. Bleakley Financial Group LLC now owns 28,171 shares of the technology company’s stock worth $433,000 after acquiring an additional 1,487 shares during the last quarter. Creative Planning grew its position in KT by 46.4% in the 3rd quarter. Creative Planning now owns 199,748 shares of the technology company’s stock valued at $3,072,000 after acquiring an additional 63,338 shares in the last quarter. Redhawk Wealth Advisors Inc. purchased a new stake in KT during the 3rd quarter worth approximately $691,000. Ritholtz Wealth Management lifted its holdings in KT by 15.8% during the 3rd quarter. Ritholtz Wealth Management now owns 64,066 shares of the technology company’s stock worth $985,000 after buying an additional 8,735 shares in the last quarter. Finally, Aprio Wealth Management LLC boosted its position in KT by 47.2% in the 3rd quarter. Aprio Wealth Management LLC now owns 16,231 shares of the technology company’s stock valued at $250,000 after buying an additional 5,201 shares during the period. Hedge funds and other institutional investors own 18.86% of the company’s stock.

Wall Street Analyst Weigh In

KT has been the topic of several recent research reports. New Street Research upgraded KT to a “strong-buy” rating in a report on Monday, September 9th. StockNews.com upgraded shares of KT from a “buy” rating to a “strong-buy” rating in a research note on Friday, August 23rd. Finally, The Goldman Sachs Group cut KT from a “buy” rating to a “neutral” rating in a research note on Thursday, July 11th.

KT Stock Performance

Shares of KT stock opened at $15.75 on Monday. The company has a quick ratio of 1.01, a current ratio of 1.08 and a debt-to-equity ratio of 0.35. KT Co. has a 52 week low of $11.83 and a 52 week high of $15.90. The firm’s 50 day moving average is $15.08 and its two-hundred day moving average is $13.94. The firm has a market capitalization of $8.12 billion, a P/E ratio of 9.49, a P/E/G ratio of 0.71 and a beta of 0.90.

KT (NYSE:KT) last posted its earnings results on Monday, August 26th. The technology company reported $0.58 EPS for the quarter. KT had a net margin of 4.07% and a return on equity of 5.60%. The firm had revenue of $4.77 billion for the quarter. Research analysts forecast that KT Co. will post 1.86 EPS for the current fiscal year.

About KT

KT Corporation provides integrated telecommunications and platform services in Korea and internationally. The company offers mobile voice and data telecommunications services based on 5G, 4G LTE and 3G W-CDMA technology; fixed-line telephone services, including local, domestic long-distance, international long-distance, and voice over Internet protocol telephone services, as well as interconnection services; broadband Internet access service and other Internet-related services; and data communication services, such as fixed-line and leased line services, as well as broadband Internet connection services.